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Dumbo, Welcome To Your Nightmare

You live in Dumbo. On the one hand, you're psyched because your apartment is worth so much more than when you bought it. But on the other hand, there's things like this:

"There is no product like this anywhere in Brooklyn," said Toby Klein of Two Trees Management. "We feel like SoHo. The population down here is probably an exact replica of SoHo."
Good to know we can always count on amNY to put things in perspective.
· Report: Brooklyn housing prices leapt by 35% in 2005 [amNY]